CFD Traders in UAE Gain Direct Access to DFM and ADX via Daman Markets

Daman Markets, the forex and CFD trading arm of Daman Securities LLC, has expanded its services to include contracts for difference on stocks listed in the United Arab Emirates. The broker now offers access to shares listed on the Dubai Financial Market and the Abu Dhabi Securities Exchange.

The development follows Daman Markets’ recent sponsorship agreement with the Dubai Racing Club, where it joins as an Official Event Partner. The Dubai Racing Club is known for hosting international events, including the Dubai World Cup.

AED Accounts Launched for Local Traders

Samer Mourched, CEO of Daman Markets

The new CFD offering includes companies such as EMAAR, ADNOC, Emirates NBD, and SALIK. It comes amid rising demand for trading products tied to the local economy and capital markets.

“The launch is much more than the introduction of new markets; it is about connecting traders to opportunities in their backyard,” said Samer Mourched, CEO of Daman Markets.

As part of this expansion, Daman Markets has introduced AED-based trading accounts. These allow local traders to transact in their home currency, avoiding conversion charges and simplifying payments.

You may find it interesting at FinanceMagnates.com: The Regulatory Playbook: Dubai Did It First, But Cyprus Can Still Do It Best.

UAE Listings Grow, CFD Access Expands

Investor interest in UAE capital markets has grown in recent years, with both DFM and ADX recording more listings and greater participation. Despite this, access to localized CFD options has remained limited. Daman Markets seeks to address this gap.

The broker stated that its services comply with local regulations and are supported by a team with regional market experience. Daman Markets is operated by Daman Securities LLC, a firm licensed by the UAE Securities and Commodities Authority and active in the country’s financial sector for over 25 years.